The Gellman Team Real Estate Blog

What is happening in the market in St Charles? Under $600,000, the market is extremely strong, however, for mid-market, buyers are looking for different options. Overall, St Charles is performing well on certain price points. Watch Mark's Market Update video for more information!

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Now that Thanksgiving is over and the winter season is upon us, what can prospective buyers and sellers expect from the St. Louis market over the next two months?

If you plan on selling your home, get your home on the market now. There is a weakness in inventory and there are still a lot of very motivated buyers out there. Some of these buyers were unable to buy over the spring and summer as a result of  a very competitive market. Since inventory has been very weak over the third quarter, there are still buyers that were not able to buy and are very motivated to.

Homes that are priced right, prepared to sell, marketed to the

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Now that summer’s over and school’s back in session, should prospective sellers list their homes in the third and fourth quarters of this year or wait until next spring?

We’re huge proponents of selling in the third and fourth quarters when there is less inventory in the market and a significant number of buyers who are still very active. Since a lot of buyers sat out the busy spring and summer seasons, they’re now making their move.

"We’re encouraging all of our sellers to put their homes on the market immediately." 

We’re encouraging all of our sellers to put their homes on the market immediately. The only ones who are exempt

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If you are thinking of selling your home, should you update your home or sell it as-is? If you decide to update, which areas will get you the best return on investment?

Before we list a home, we always make sure to assess which updates should be made before the property hits the market. Sometimes, if a home has been sitting on the market for a long time or coming back on the market after failing to sell, updates can help your property appeal to more buyers.

However, it’s important to be very cautious when updating your home. Some updates will get you a better return than others.

In our current market, move-in ready homes are

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Now that summer is over and school is back in session, what is happening in the St. Louis real estate market?

A common trend that started in spring and carried through the summer was a weakness in inventory of great homes that are priced correctly. Renovated homes in the $500,000 and under price range were selling with multiple contracts and bidding wars. Those homes were priced right, marketed to the highest level, and they were all move-in ready.

In the upper end of the market, many areas are in a buyer’s market. Some of those areas have over a year of inventory. Why are these homes taking longer to sell? It really comes down to

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HGTV is one of the most popular cable networks on TV, but unfortunately, it's setting up some unrealistic expectations for buying a renovation property. Many people see these shows and think a gut renovation will be fun, and the most unrealistic expectation these shows set is making it all look far easier than it is.

It's all very challenging to find great contractors who are consistent and show up. These shows also fail to show all the unknowns—what happens when you peel back the onion? What's going on with the home's plumbing and electric? What issues come up, that can’t be seen when the house was bought? Unfortunately, many people are only

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In a seller’s market like ours, in many areas/price points here in St. Louis, multiple offers and bidding wars are common. As a homebuyer, being able to compete in these situations isn’t all about the highest possible price you can offer. You’ll have to pay a premium for the good homes, to be sure, but we’ve got some tips for you to help make your offer stand out in other ways so you have a better chance of an accepted contract.

One of the first things you can do is waive the appraisal rider. In this market, with inventory levels low in certain areas/price points, demand is high and many homes are selling for record prices. At the same time,

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How do you appeal your 2017 property taxes if you think there has been a mistake?

2017 is a reassessment year, which means many people’s taxes have gone up 15% to 25% or more or have not decreased enough. 


"We can help you appeal your 2017 property taxes."

Luckily, the Gellman Team is here to provide you MLS data for sales in 2015 and 2016 that will impact your 2017 tax reassessment. That being said, you can go to www.TheGellmanTeamPropertyTax.com or text PROPERTYTAX to (314.627.0866) to request MLS data for appealing your property taxes. Whether your taxes went up too much or did not decrease enough, we’re here for you as your trusted

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